What is the best investment?

People often ask me "what is the best thing I can invest in right now"? My response is usually returned with a question. That question is "what do you think you should be investing in right now"? Sometimes I get a perplexed look like "Why are you asking me when you should be the all knowing about investments"?

When you go to the doctor and ask him "What's wrong with me"? Doesn't he ask you a lot of questions before he makes a judgement as to what your ailment might be? The secret to finding the right investment is asking the right questions and finding the right answers to those questions as they pertain to you and only you. A good financial coach won't suggest solutions without ample time and due diligence.

Warren Buffet has said: " There is no such thing as a bad or good investment " What did he mean by that? It is up to the investor to decide what investment is best for her/him. Because no one can be all knowing and figuring that out without some great financial coaching is difficult at best.

There are many factors that change to determine whether an investment is good or bad. There should be many questions asked, and some give and take about what is needed by the investor before a prudent financial decision can be made. I ask financial wisdom questions before beginning an engagement with my clients these questions can be found by clicking here.

If you are unhappy with the solutions your advisor has given you and want a second opinion to see what other alternatives are out there you might want to give my office a call at 610-695-8748 or email me at roy@yourwealthadvocate.com